Economy

• Wednesday, January 20th 2010 - 08:55 UTC

  Chile and China make huge investments to increase copper production

  

  Chile’s state-owned mining company, Codelco, last week announced a 1.9 billion US dollars project to develop a subterranean mine at its Chuquicamata opencast mine facility in Chile’s northern Atacama region (region III).

• Wednesday, January 20th 2010 - 07:04 UTC

  UK December inflation jumps to 2.9%, biggest rise in a single month

  

  Inflation in the United Kingdom jumped at a record rate in December, official figures have shown. The Consumer Prices Index (CPI) hit 2.9% last month - much higher than expected by the City - compared with just 1.9% in November.

• Tuesday, January 19th 2010 - 13:45 UTC

  Argentina/Brazil review bilateral trade in February

  

  Argentina and Brazil will be meeting early February in Buenos Aires to assess how bilateral trade has been evolving and to plan the following steps to keep improving trade relations between Mercosur senior members.

• Tuesday, January 19th 2010 - 13:40 UTC

  IMF warns it’s too early to withdraw stimulus packages

  

  International Monetary Fund Managing Director Dominique Strauss-Kahn said it’s too early for policy makers to withdraw stimulus that’s driving the global recovery.

• Tuesday, January 19th 2010 - 13:35 UTC

  UK has a decade of economic pain ahead, warns leading economic forecaster

  

  The UK faces a decade of economic pain after years of splurging on credit, a leading economic forecaster has warned. The Ernst & Young ITEM Club said the economy faced stagnation unless exports received a boost.

• Tuesday, January 19th 2010 - 10:35 UTC

  Generous Argentina poised for an encouraging recovery, in spite of …

  

  Last year ended for Argentina with a 2% economic drop as a consequence of the international crisis and its impact on the majority of productive sectors. However, from the second quarter onwards, some improvements -expected to remain unchanged for 2010- have become visible and the outlook for the year is more encouraging.

• Tuesday, January 19th 2010 - 01:54 UTC

  Chile’s Concha y Toro, one of the world’s top ten exporters of wine

  

  Chilean wine brand Concha y Toro increased its export volumes by 22% in 2009, according to figures released by the company over the weekend.

• Monday, January 18th 2010 - 11:42 UTC

  The seven kilos leg of an Iberico ham plus DNA certificate for £ 1.800

  

  The world's most expensive ham has gone on sale, complete with its own DNA certificate as a proof of authenticity. The leg of Iberico ham, which weighs seven kilos, is on sale at the food hall in Selfridges in London's Oxford Street.

• Saturday, January 16th 2010 - 15:59 UTC

  Argentina confident SEC observations will not hamper debt swap proposal

  

  The United States Security and Exchange Commission sent its response on the Argentine debt swap proposal back to the Treasury Palace. According to sources, the agency has made 15 observations.

• Saturday, January 16th 2010 - 07:04 UTC

  Mayor Johnson says top bankers fleeing from London over taxes

  

  Thousands of high-earning bankers will flee London because of the Government's taxation policy, Mayor Boris Johnson has warned. He has written to Chancellor Alistair Darling asking for a meeting to discuss his introduction of a 50p income tax rate for top earners and a temporary 50% levy on banking bonuses over £25,000.